The study finds a differential impact of different types of natural disasters on education and cognitive ability of children aged 12 to 15 years in Ethiopia, India, Peru, and Vietnam using a Young Lives data set and child fixed‐effects regression. Floods tend to cause more harmful effects on children's education than droughts, frosts, and hailstorms. Exposure to floods reduces the number of completed grades of children in Ethiopia, India, and Vietnam. For the case of Vietnam, exposure to floods also decreases school enrollment, and cognitive ability scores of children. Although floods do not have a significant effect on children in India, droughts, frosts, and hailstorms have a significantly negative effect on cognitive ability test scores of children. In Peru, the effect of disasters on children's education is small and not statistically significant. [ABSTRACT FROM AUTHOR]